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welcome to Trading Standards Scotland

Scottish Illegal Money Lending Unit

The Scottish Illegal Money Lending Unit (SIMLU) is part of Trading Standards Scotland and works in partnership other agencies and organisation across Scotland to help to erradicate the scourge of Loan Sharks. The Unit consists of specialist officers who investigate allegations of illegal money lending and related activity, submitting reports to the Procurator Fiscal as appropriate. The team also provide support for victims of illegal money lending and raise awareness of the dangers of borrowing from such lenders.

Illegal moneylenders or loan sharks, are those who lend money to people without the valid credit authorisation.

Loan sharks prey on the most vulnerable people in society and cause immense misery. Prior to the team’s existence, illegal moneylending was largely a hidden crime and local authorities lacked the resources, specialist skills and training needed to tackle it effectively. The practice of illegal moneylending is generally linked to other serious organised criminal activity.

The team has a Parntership and Support Officer who is responsible for raising awareness about the work of the team with partner agencies particularly front line providers of advice and support. The Partnership and Support Officer is also responsible for providing support and advice to victims identified through the work of the team. In general this will take the form of signposting and direct referral. However, as the team often deal with individuals who have experienced difficulty with accessing advice and support in the past, in exceptional cases more intensive support will be provided.

Across Scotland there are many agencies that offer support to people who may be thinking of using a loan shark or have debt issues. You can find the detils of some of these organisations below.

StepChange Debt Charity

Citizens Advice

Money Advice Service

Money Advice Scotland

TSS works with our collegaues at the English Illegal Money Lending Team and the Welsh Illegal Money Lending Team to raise awareness across the UK of the dangers of Loan Sharks.

If someone is lending money to you they must be authorised by the Financial Conduct Authority. You can search their database by clicking here